Law Firm Lending Solutions
At Advocate Capital, we understand law firms' unique financial challenges. Whether you need to manage day-to-day operations, cover case-related expenses, or invest in growth, we offer a range of lending solutions specifically designed for law firms. With Advocate Capital, you can secure the funding you need without the stress of traditional financial roadblocks, allowing you to focus on what matters most—winning cases and growing your practice.
Law Firm Lending Products
Advocate Capital offers a variety of lending and financing options to meet the specific needs of law firms. From managing case expenses to securing working capital, our products are designed to provide the financial flexibility necessary for maintaining cash flow and driving growth. Below, you'll find a breakdown of our key products, each crafted to address the financial challenges law firms face today.
Case Expense Financing
Our case expense financing allows your law firm to free up capital tied to ongoing cases, helping you manage costs without using personal funds. By financing case-related expenses such as expert witnesses, trial preparation, and court fees, you can keep more of your cash flow available to reinvest in your practice.
Key benefits include:
- Case expense tracking through AdvoTrac® allows you to recoup the borrowing costs at the successful conclusion of every case you win.
- ACH fundings and payments are processed by the next business day if entered before 3 PM CST
- 24/7 access to the AdvoTrac® web portal
Law firm financing at an annual cost of less than 1%*. Learn more about Case Expense Financing.
Working Capital Lines of Credit
Our working capital lines of credit provide law firms with a prime-based source of funding to cover short-term needs. This product offers the flexibility you need to manage daily operations, whether it's for payroll, marketing, or hiring new staff. With flexible repayment terms, our working capital financing helps your firm stay financially agile.
Advantages include:
- Subject to annual renewal, there is no requirement for principal paydown.
- Only pay a monthly interest charge while the principal balance remains outstanding, plus a small annual line fee.
- Interest is calculated using a simple interest method (not compound) and billed once per month.
Learn more about Working Capital Lines of Credit.
Small Loans
For smaller law firms or newer practices that may not qualify for larger lines of credit, our small loans provide quick access to capital for essential expenses like marketing, equipment, and staffing. These loans are ideal for law firms looking to grow but still in the early stages of development. Firms must move their deposit bank accounts to our affiliate, Pinnacle Bank.
Key features include:
- Approval is typically decided within two business days of application.
- Tailored funding for small or growing law firms.
- Move up to one of our less expensive lines after you grow.
Learn more about Small Loans.
Term Loans
Our term loans are created for law firms looking to make significant investments in their practice, such as purchasing new equipment or upgrading technology. With predictable monthly payments and fixed interest rates, this type of financing provides stability for long-term planning.
Equipment is a long-term asset, expected to produce revenue over a lengthy period. Law firm partners should expect the length of the loan term to roughly match the anticipated useful life of the equipment. Your financial advisor will work with you to look at cash flow, determine appropriate payments and the equipment's impact on revenues, and see how that cash flow could change.
Learn more about Term Loans.
SBA Loans
Our SBA loans offer government-backed funding with competitive terms for firms that may not yet qualify for traditional business loans. This option provides law firms access to extended repayment periods and lower monthly payments, making it an ideal solution for new or rapidly growing practices.
Benefits include:
- Longer terms, lower monthly payments, and most importantly, no balloon payments as found in most conventional loans.
- Ideal for newer or expanding law firms. Lower equity injection—typically 10 percent of the project amount
- Retention of valuable working capital
- Potential long-term fixed rates on real estate loans
- Loan can be renewed every five years with no additional fees
- Reliable access to funding with predictable costs
Learn more about SBA Loans.
Why Law Firms Choose Advocate Capital for Lending and Financing
For over 25 years, law firms nationwide have trusted Advocate Capital to provide innovative financing solutions tailored to their unique needs and help them pursue justice for their clients. Whether you need funding for ongoing case expenses or are looking for capital to invest in your firm's growth, we offer a range of law firm loans and business financing options that provide the flexibility and security you need to succeed.
Our profound commitment to contingency fee law firms led to the development of AdvoTrac®, our proprietary software designed to track case expenses. The case-by-case tracking of borrowing costs makes it possible for Advocate Capital, Inc. clients to reduce their net cost of capital to below 1%* (on average) by recouping their borrowing costs from their cases.
AdvoTrac® is a one-of-a-kind tool that empowers law firms to manage case costs efficiently, maintain compliance, and maximize their financial performance. With a quarter-century of experience and cutting-edge technology, Advocate Capital continues to be a trusted partner for law firms nationwide.
By choosing Advocate Capital, you can:
- Access financing without relying on personal funds.
- Focus on growing your practice, not on managing cash flow.
- Invest in resources that strengthen your cases.
- Compete more effectively with well-funded defense firms and insurance companies.
Our expertise in law firm financing allows us to understand your firm's challenges, offering tailored solutions that help attorneys at every stage of their practice.
Flexible, Customizable Lending Solutions
Advocate Capital provides lending and financing solutions for law firms of all sizes, offering the flexibility and customization needed to address your unique challenges. Whether you're a small, growing firm or an established practice looking to expand, we have the right product for you and your firm.
- Trial attorneys can free up tied-up capital with our case expense financing.
- Small firms can access capital through our SBA loans or small loans.
- Established practices can rely on our working capital and term loans for day-to-day expenses or significant investments.
Whatever your firm's financial needs, Advocate Capital has the experience and resources to provide a lending solution that works for you.
